Virginia State University Research Foundation

Analysis

Virginia State University Research Foundation is a registered charity in United States, based in Petersburg, VA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Virginia State University Research Foundation reported income of $92k and spending of $31k, leaving 66% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $101k to $92k (-8.6%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income rose by 96%. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia State University Research Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within VA. Charities of a similar size with the same main cause include Kutztown Hobos ($92k), Legacy Alliance ($92k) and Erase the Space ($92k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $967k against liabilities of $1,667, net assets of $966k.